Limited Partnership vs Limited Liability Partnership

Apr 21

Limited Partnership vs Limited Liability Partnership

Limited Partnership or LP A Limited Partnership (LP) is comprised of at least one General Partner and at least one Limited Partner. This is a business vehicle introduced by ACRA in 2009. Pros and Cons of Limited Partnership A corporate body can act as a Limited Partner or General Partner Liability of Limited Partner is […]

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Comparison between Sole Proprietorship and General Partnership

Apr 12

Comparison between Sole Proprietorship and General Partnership

Do you want to know the difference between Sole Proprietorship and General Partnership? Sole Proprietor A Sole Proprietorship is a registered business owned by one person or one company. This is a good option for an entrepreneur to start lean. Case study – Sole Proprietorship   Ana Liew, a Singapore Permanent Resident, is a home […]

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Comparison on legal structures for Singapore startups

Apr 05

Comparison on legal structures for Singapore startups

Compare available company structures in Singapore suitable for startups If you are considering to set up your company in Singapore, we have outlined below the best legal structure for your startup. We are looking into the following business types: Sole proprietorship Partnerships or General Partnerships Limited Partnership Limited Liability Partnership Company or Private Limited Company […]

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Startup FAQs: Onboarding or exiting an Employment Pass holder in your company

Mar 30

Startup FAQs: Onboarding or exiting an Employment Pass holder in your company

Recruiting an Employment Pass holder for your company In order to give clarity on the Employment Pass application, we have detailed below the steps when recruiting for an EP holder for your company. Through this, the steps for onboarding and exiting an employment pass holder can be gleaned. START JOURNEY: EMPLOYMENT PASS APPLICATION The process […]

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Personal Income Tax

Feb 10

Personal Income Tax

Important timeline to remember for personal income tax filing 2017 FAQs on Singapore Personal Income Tax What is the responsibility of the employing company regarding personal taxes? It is the responsibility of the Employing company to give every employee a Statement of Annual Employment Income for 2016. Companies with 10 or more employees in Singapore, […]

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